534 E US 290, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $379,327. To generate strong buyer interest while maximizing value, I'd price this between $251,000 and $261,000. With 7 comparable homes on the market in STOVAL, GEO, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 2008 construction puts this home 16 years newer than the comp average, a factor in the pricing. At 6.76 acres, the lot is larger than the 2.12 acre comp average, which factors into pricing. With 7 similar homes currently listed in STOVAL, GEO (a buyer's market), competition is a factor to consider. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 151 Ella LN, Elgin TX 78621 nearby adjusts to $351,585; with a smaller floor plan. 7 comparable transactions in STOVAL, GEO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group